NVR Q3 2024 Earnings Report
Key Takeaways
NVR, Inc. reported a 6% increase in consolidated revenues, reaching $2.73 billion for the third quarter ended September 30, 2024. Net income decreased slightly by 1% to $429.3 million, while diluted earnings per share increased by 4% to $130.50. Homebuilding new orders increased by 19%, and settlements increased by 5%.
Consolidated revenues increased by 6% to $2.73 billion compared to the third quarter of 2023.
Net income decreased slightly by 1% to $429.3 million compared to the third quarter of 2023.
Diluted earnings per share increased by 4% to $130.50 compared to the third quarter of 2023.
Homebuilding new orders increased by 19% to 5,650 units, and settlements increased by 5% to 5,908 units.
NVR
NVR
NVR Revenue by Segment
NVR Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in the provided document. The document contains forward-looking statements that involve risks and uncertainties.
Positive Outlook
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
- Not applicable, no specific positive guidance provided.
Challenges Ahead
- General economic and business conditions (on both a national and regional level)
- Interest rate changes
- Access to suitable financing by NVR and NVR’s customers
- Increased regulation in the mortgage banking industry
- The ability of our mortgage banking subsidiary to sell loans it originates into the secondary market
Revenue & Expenses
Visualization of income flow from segment revenue to net income